PIS Bank Account: Payment for purchase of shares in secondary market has to be necessarily routed through this Account. The funding for your investments in Shares in secondary market of India should be done through this account only. Likewise the credit for sale proceeds of such shares (funded from your PIS Bank account) will be credited to

What Is NRO? NRO is otherwise called as Non Resident Ordinary. Is PIS Required For NRO Account? PIS is otherwise known as Portfolio Investment Scheme. No, not now. Till recently, PIS was mandatory for NRE or NRO account it is not required any more as the Government scrapped this. To understand better, lets first understand

We are one of the most reliable Depository service providers in India. We recently won the NSDL award for “Star Performer of Year 2013, 2015 and 2016” You can open the following types of NRI Accounts with us: NRE Account NRO Account NRE (Non Resident External) Account: In the NRE account one can repatriate money